Car Loan Calculator

Plan your car payment before you buy

This car loan calculator helps you estimate your monthly car payment so you can shop with confidence. Start by adjusting the vehicle price and your planned down payment. The “Amount Financed” shows how much you’ll actually borrow after your down payment is applied. You can experiment with different prices to see what kind of car fits comfortably into your budget.

Next, set your interest rate (APR) and loan term in months. Shorter terms usually mean higher monthly payments but less interest paid overall. Longer terms can make your monthly payment more affordable in the short term, but they typically increase the total cost of the vehicle. The calculator instantly updates your estimated monthly payment, total of all payments, and total interest so you can compare different financing scenarios side by side.

Use this tool before you visit a dealership to decide whether you need a larger down payment, a more modest vehicle price, or a shorter loan term. Understanding these numbers upfront helps you avoid surprises, negotiate more confidently, and make a smarter auto financing decision that fits your overall financial plan.